Morrow Jewelry sells 800 units resulting in $9,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. Contribution margin per unit is ________. $6,000 $7.50 $9,000 $11.25
Q: Vicious Cycle, Inc., produces and sells 2,000 bikes. Selling price per unit $2,000 Variable cost per…
A: Contribution margin per unit = Selling price per unit - Variable Cost per unit
Q: Nala Nala Corporation sells its product for $195.70 per unit. In 2015 the company had total sales in…
A: Contribution margin is the amount by which a product's sales exceed its variable cost. It is the net…
Q: Scent Fragrance Company manufactures and sells several ranges of perfumes. The Average revenue and…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and…
A: Income statement :— It is one of the financial statements that shows the profitability, total…
Q: Amazing Company produces a product that sells for $50. Variable manufacturing costs are $18 per…
A: Formula: Contribution margin per unit = Selling price per unit – variable cost per unit
Q: Wang Company manufactures and sells a single product that sells for $540 per unit, variable costs…
A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…
Q: Maple Enterprises sells a single product with a selling price of $70 and variable costs per unit of…
A: SOLUTION- FORMULAS- 1- BREAK EVEN POINT (UNITS)= FIXED COST / CONTRIBUTION PER UNIT.…
Q: XYZ Inc. sells a single product for $10 per unit. Variable production costs are $6 per unit. Fixed…
A: Total Production costs = Variable Production cost + Fixed Overhead cost…
Q: Beauty Supplies Company manufactures and sells several ranges of artwork. The average revenue and…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and…
A: Contribution margin per unit = Selling price per unit - Variable costs per unit
Q: Motorola's Cellular sells phones for $100. The unit variable cost per phone is $50 plus a selling…
A: Break even point means a point where firm is neither earning profit nor incurring any loss.…
Q: Beauty Supplies Company manufactures and sells several ranges of artwork. The average revenue and…
A: Cost volume profit analysis is the technique used by the management for decision-making. The methods…
Q: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban…
A: The Contribution Format Income Statement makes it easy to see how much of a profit is made and fixed…
Q: Pimpton Plows sells its product for $50. Its variable cost per unit is $19.00. Fixed costs total…
A: Calculate the break even point as follows: Break even units = Fixed cost / (Selling price - variable…
Q: Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and…
A: Number of units sold: Weed ban: 41000 units Green Grow: 21000 units Sale value of 41000 units of…
Q: Wang Co. manufactures and sells a single product that sells for $450 per unit; variable costs are…
A: Margin of safety: MOS termed as Margin of safety which is defined as the difference among the actual…
Q: Staley Co. manufactures electronic equipment. The following is a summary of its basic cost and…
A: Contribution margin: The difference between the sales and the variable costs is called the…
Q: Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and…
A: Income statement is the one which is prepared to show the net income of the entity. In this, firstly…
Q: Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and…
A: The income statement is prepared to record the revenue and expense of the current period. The net…
Q: Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and…
A: Income statement :— It is one of the financial statements that shows profitability, total revenue…
Q: Zeus, Incorporated produces a product that has a variable cost of $9 per unit. The company's fixed…
A: Volume of sales in units required to achieve the target profit means the number of units to be sold…
Q: Wang Company manufactures and sells a single product that sells for $650 per unit; variable costs…
A: Answer:- Variable cost:- Variable costs are those cost which vary according to the production of…
Q: Shock Company manufactures electronic equipment. The following is a summary of its basic cost and…
A: Operating income = Total contribution - Fixed cost
Q: Bluegill Company sells 13,900 units at $120 per unit. Fixed costs are $83,400, and operating income…
A: The variable cost per unit can be calculated from the net operating income and sales data. The…
Q: SBD Phone Company sells its waterproof phone case for $122 per unit. Fixed costs total $242,000, and…
A: Break-even point: The Break-even point is the level of activity where there is no profit or loss…
Q: Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and…
A: A segmented contribution format income statement by product provides a detailed breakdown of revenue…
Q: Royal Lawncare Company produces and sells two packaged products- Weedban and Greengrow. Revenue and…
A: Fixed cost is the cost that does not change with a change in goods or services production. It is not…
Q: Tequila Mockingbird, Inc. has total costs of $70,000 when it sells 10,000 units. If total fixed…
A: Cost: Cost in accounting can be explained as the amount that is borne by a company or an…
Q: Mower Corporation produces and sells a single product. Data concerning that product appear below:…
A: Net operating income is a method of determining the exact value of income-producing properties used…
Q: Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: Sparkle Jewelry sells 800 units resulting in $85,000 of sales revenue, $32,000 of variable costs,…
A: Break even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Q: Cartier Corporation currently sells its products for $50 per unit. The company’s variable costs are…
A: The contribution margin is the excess of revenue over variable cost. It indicates the amount…
Q: Zoro, Inc. produces a product that has a variable cost of $6.00 per unit. The company’s fixed costs…
A: Given: Variable cost per unit = $ 6 Fixed costs = $ 30,000 Cost of product sold = $ 10 Estimated…
Q: Maple Enterprises sells a single product with a selling price of $70 and variable costs per unit of…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: Campbell company incurs annual fixed costs of $65,400 variable costs for Campbell's product are…
A: The Break-even point indicates that total units are to be sold by the business entity to recover its…
Q: Gotcha Covered manufactures and sells leather cases for cell phones. Each case sells for $80.…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: ZWYCDL159 Corp. sells a single product. ZWYCDL159 wants to achieve a target income of $105,000 next…
A: FORMULA TO CALCULATE UNITS TO BE SOLD FOR TARGET PROFIT : = ( FIXED EXPENSES + TARGET INCOME ) /…
Q: Scott Confectionery sells its Stack-o-Choc candy bar for $0.8. The variable cost per unit for the…
A: Contribution margin refers to the ability of the firm to recover its variable cost from its revenue.…
Q: Dominic's Deli recently calculated its annual break-even sales revenue to be $280,000. For each…
A: The contribution Margin is calculated as difference between sales and variable cost. The break even…
Q: llery Corporation makes two products, footb
A: The contribution margin is a valuable indicator for determining the profitability of specific goods…
Q: c. sells a single product for $13. Variable costs are $3 per unit and fixed costs total $100,000 at…
A: Selling price per unit = $13 Variable cost per unit = $3 Fixed cost = $100,000 Units = 7500 units…
Q: Bluegill Company sells 10,000 units at $400 per unit. Fixed costs are $200,000, and operating income…
A: Contribution margin = Fixed cost + Income from operations Fixed cost is $200000 Income from…
Q: Sanjay Company has monthly fixed costs of $112,000. The variable costs are $5.00 per unit. The sales…
A: Formula: Sales revenue = Total sales price per unit x Sales units
Q: income is $500,000. What should be reported as variable expenses in the contribution margin income…
A: The contribution margin is calculated as difference between sales and variable cost.
Morrow Jewelry sells 800 units resulting in $9,000 of sales revenue, $3,000 of variable costs, and $1,500 of fixed costs. Contribution margin per unit is ________.
- $6,000
- $7.50
- $9,000
- $11.25
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Eureka Corp. produces and sells a single product. Data concerning that product appear below: Per Unit Percent of. Selling Price Variable Costs and Expenses Contribution Margin Sales P170 100% 102 60% 40% P 68 Eived costs and expenses are P220,000 per month. Eureka is currently selling 4,000 units per month. The marketing mahager would like to cut the selling price by P15 and increase the advertising budget by P11,000 per month. The marketing manager predicts that these two changes Would increase monthly sales by 1,500 units. Should the marketing manager continue his plan? Present your computations to convince the manager of your advice.Argyle sells steel beams to building contractors in two sizes: regular and heavy. Argyle sells 4 regular beams for every one heavy beam. Cost data are as follows: Regular Heavy Price per unit $20.00 $16.00 Variable cost per unit Argyle's fixed costs are $2,880 per month. How much is the breakeven point for total sales revenues? $28.00 $20.00 A. $12,960 B. $12,880 OC. $9,600 OD. $13,240 C...Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban $ 10.00 $2.40 $ 131,000 Greengrow $ 34.00 $14.00 $ 31,000 Last year the company produced and sold 42,000 units of Weedban and 16,500 units of Greengrow. Its annual common fixed expenses are $111,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company Product Line Weedban Greengrow
- 23. Sparkle Jewelry sells 800 units resulting in $85,000 of sales revenue, $32,000 of variable costs. And $ 26,000 of fixed costs. The number of units that must be sold to achieve $41,000 of operating income is? a. 909 units. b. 393 units c. 1,012 units d. 619 unitsZeta Company sells a single product with a selling price of $300 per unit. Per unit variable costs are $82.00 and total fixed costs are $127,500. The number of units Zeta needs to sell to achieve its target profit of $50,000 is closest to: 610 814 a. b. C. d. 1,555 2,165Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 10.00 $ 31.00 Variable expenses per unit $ 2.40 $ 10.00 Traceable fixed expenses per year $ 130,000 $ 31,000 Last year the company produced and sold 38,000 units of Weedban and 20,500 units of Greengrow. Its annual common fixed expenses are $101,000. Required: Prepare a contribution format income statement segmented by product lines.
- Zulu sells its waterproof phone case for $100 per unit. Fixed costs total $177,000, and variable costs are $38 per unit. Compute the units that must be sold to get a target income of $210,500. Units to be sold to achieve targeted income Numerator: Denominator: Units to Achieve Target Units to achieve target %3DStaley Co. manufactures computer monitors. The following is a summary of its basic cost and revenue data: Per Unit Percent Sales price $ 420 100.00 Variable costs 217 51.67 Unit contribution margin $ 203 48.33 Assume that Staley Co. is currently selling 550 computer monitors per month and monthly fixed costs are $79,300.Staley Co.'s margin of safety ratio (MOS%) if 550 units are sold would be (round intermediate calculation up to nearest whole number of units): Multiple Choice 41.81%. 26.11%. 28.91%. 27.91%. 82.91%.Mia Enterprises sells a product for $90 per unit. The variable cost is $40 per unit, while fixed costs are $75,000. Determine the:a. Break-even point in sales units fill in the blank 1 of 2 unitsb. Determine the break-even point in sales units if the selling price increased to $100 per unit $ per unit fill in the blank 2 of 2 units
- Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $ 9.00 $ 37.00 Variable expenses per unit $ 3.00 $ 13.00 Traceable fixed expenses per year $ 134,000 $ 36,000 Last year the company produced and sold 45,000 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $107,000. Required: Prepare a contribution format income statement segmented by product lines.Wok of Fame, Inc., makes and sells woks at a price of $5.00 per unit. Variable cost is $3.00 per unit. The company's total fixed costs are $52,500. How much must total sales be if Wok of Fame wants to earn an operating income of $17,500? $100,000 $70,000 $175,000 $17,500 $26,250Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit S 10.00 S 31.00 Variable expenses per unit $ 3.10 $ 13.00 Traceable fixed expenses per year $ 135,000 S 47,000 Last year the company produced and sold 36, 500 units of Weedban and 17,000 units of Greengrow. Its annual common fixed expenses are $105,000. Required: Prepare a contribution format income statement segmented by product lines.